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Home > News > Industry Activities > UK’s fastener market will reach 862 million Euro in 2011 – 2012

UK’s fastener market will reach 862 million Euro in 2011 – 2012

By CFM , 2012-07-10 12:00:00

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According to the market research report of IBISWorld, global fasteners market will above 50 billion dollars. The fastener manufacturers in UK position their products in the high value-added field. However, UK’s local fastener industry is small; the major operators are the subsidiaries of foreign-funded enterprises.

It is estimated that the income of UK’s fasteners and screw mechanical products will reach 498 million Euro in 2011 to 2012, up 3.4% in compared with 2010 to 2011. And the market of UK’s fastener and screw mechanical products will reach 862 million Euro in 2011 to 2012, up 5.5% year-on-year.

UK’s producers of fasteners and screw mechanical products tend to approach the major clients working on auto and aerospace industry. In addition, the history reason may also affect factory selection. UK’ fastener and related industry primarily gather in West Midlands, which accounts for 39% of the total number of fastener and screw mechanical producers. West Midlands is a large-scale production base with automobile as the major industry.

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